Banking | MCQs

Explanation

The State Bank of Pakistan was inaugurated on 1st July 1948.

The headquarters of the State Bank of Pakistan in Karachi Sindh.

History of State Bank

Zahid Husain was the founder and the first governor of the SBP from June 1948 to July 1953.

Dr. Shamshad Akhtar was the first female Governor of the SBP in 2006.

Quaid-e-Azam Muhammad Ali Jinnah inaugurated the State Bank of Pakistan.

The Governor is appointed by the President of Pakistan.

Term of five years.

Explanation

Dr. Shamshad Akhter was the first women Governor Of the State Bank Of Pakistan

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this question has appeared in question in Urdu in Rescue 1122 diver Past paper 2022

Explanation

Zahid Husain was the founder and the first governor of State Bank of Pakistan from June 1948 to July 1953.

Dr. Shamshad Akhtar became the first female Governor of State Bank of Pakistan in 2006.

Explanation

 Habib Bank of Pakistan started its operation on August 17, 1947

The State Bank of Pakistan was inaugurated by Muhammad Ali Jinnah on 01 July 1948.

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Habib Bank Limited is a Pakistani multinational bank.

HBL was founded in 1940 by the Habib family.

HBL became Pakistan's first commercial bank.

In 1951 it opened its first international branch in Colombo, Sri Lanka.

The Government nationalized the bank in 1974 and privatized it in 2003.

In 2003 the Aga Khan Fund for Economic Development acquired a controlling share.

HBL major shareholding lies with the Aga Khan Fund for Economic Development (AKFED) which is based in Geneva, Switzerland.

As of 2018, HBL has 1700+ branches with presence in over 25 countries spanning four continents.

Explanation

First Women Bank Limited commenced its business on 02 December 1989.

First Women Bank Limited (FWBL) is a commercial bank located in Karachi

 Prime Minister Benazir Bhutto. set up the first bank in December 1988. 

Explanation

First Women Bank Limited commenced its business on 02 December 1989.

First Women Bank Limited (FWBL) is a commercial bank located in Karachi.

 Prime Minister Benazir Bhutto set up the first bank in December 1989. 

ND8-1-2023

Explanation

• HBL Bank gave a loan to Pakistan for its first budget
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• HBL was the first commercial bank to be established in Pakistan in 1947
• HBL has a major market share in loans to small industries, traders, and farmers. 
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• HBL moved its operations to Pakistan in 1947 at the request of Muhammad Ali Jinnah, hence becoming the first commercial bank to lay its foundation in the country

Explanation

The State Bank of Pakistan is the central bank of Pakistan.

Founded: July 1, 1948

Headquarters: Karachi

Explanation

The State Bank Museum & Art Gallery was established in 2004

It is a museum on Ibrahim Ismail Chundrigar Road in Karachi

In 2004, the State Bank of Pakistan decided to adapt the building as a museum

Work on the projects started in 2006 

History

The first Monetary Museum of Pakistan.

Previously, it was the Imperial Bank of India

That was a Greco-Roman building in Jodhpuri Red Sandstone, constructed in the 1920s by the British government.

Explanation

According to the Zakat and Usher Ordinance, banks are required to deduct Zakat from savings accounts on the 1st of Ramzan.

This deduction is made from the balance in the account that exceeds a certain threshold (Nisab).

It is meant to fulfill the religious obligation of Zakat.